Which of the Following Is the Best Explanation for Why

question 22

Multiple Choice

Which of the following is the best explanation for why President Harry Truman once said that he wanted to find a one-armed economist?

• A)President Truman received input from so many economists that he only wanted one view from each.
• B)President Truman thought economists should analyze policies but not make or enforce them.
• C)Economists understand that most policy decisions involve trade-offs so they are likely to present multiple views of policies.
• D)A one-armed economist would conduct only positive analysis and no normative analysis.

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Definitions:

Research And Development (R&D) Center

A facility or department dedicated to investigating and developing new products, processes, or technologies.

Gross Domestic Product (GDP)

The total market value of all goods and services produced within a country in a given period, often used as an indicator of the economic health of a country.

Skills Shortage

A situation where the demand for a specific skill set exceeds the supply of individuals with those skills within a labor market.

Global Talent

Highly skilled professionals who are sought after worldwide for their expertise and ability to contribute significantly to various sectors and industries.